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see European Monetary SystemEuropean Monetary System,
arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabilize foreign exchange and counter inflation among members.
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the official currency unit, divided into 100 cents, of the member countries of the European Union who have adopted European Monetary Union; these are Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portgual, and Spain; also used by Andorra, Bosnia and Hercegovina, French Guiana, Guadeloupe, Kosovo, Martinique, Mayotte, Monaco, Montenegro, R?union, San Marino, and the Vatican City
References in periodicals archive ?
As scrutiny becomes more prevalent, and a single European currency makes transfer pricing more transparent, multinationals are well-advised to prepare global transfer pricing documentation.
In 1992 the European Union member states ratified the Maastricht Treaty, and in doing so agreed that one of the principle objectives of the EU was to introduce a single European currency by the end of 1999.
Consider the hazards of setting up shop in countries that didn't exist a few years ago, or of trying to anticipate the effects a single European currency might have.
The advent of the single European currency, due to come into effect on January 1, 1999, may be a bigger issue for US computer companies than they first anticipated.
He said that, if re-elected, he would permit a parliamentary free vote - in which party members would have no obligation to abide by party policy - on Britain's joining in use of a single European currency.
The new agreement exempts Denmark from requirements to adopt a single European currency, participate in EC defense and take part in preliminary negotiations for establishing European citizenship and EC justice and interior affairs departments.
The single European currency also drew buying on reports that German Chancellor Angela Merkel has shown flexibility to let Europe's bailout funds, including the European Financial Stability Facility, buy sovereign bonds of financially-troubled nations, they said.
single European currency, euro, was still solid and unaffected by the debt
Anti-euro campaigners said the plans showed Britain would not be signing up to the single European currency.
But Sir Michael said: 'Whatever the economic tests show, the decision to enter the single European currency will be political.
Another massive threat to our entire future is rapidly approaching our shores, in the form of the single European currency, which would prove utterly disastrous to our country and would, in effect, undermine all our past sacrifices.

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